IA News: Bitcoin, When to buy Crypto, Ethereum Price, XRP, Stimulus, CBDC, NFL, ETFs + more — MarketVault

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IA News: Bitcoin, When to buy Crypto, Ethereum Price, XRP, Stimulus, CBDC, NFL, ETFs + more

Agustín Carstens

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NEWS FLASH 👋JOIN THE COMMUNITY: http://www.patreon.com/investanswers DISCLAIMER: InvestAnswers does not provide financial, investment, tax, or legal advice. None of the content on the InvestAnswers channels is financial, investment, tax, or legal advice and should not be taken as such; the content is intended only for educational and entertainment purposes. InvestAnswers (James) shares some of his trades as learning examples but they are only relevant to his specific portfolio allocation, risk tolerance & financial expertise, may not constitute a comprehensive or complete discussion of such topics, and should not be emulated. The content of this video is solely the opinion(s) of the speaker who is not a licensed financial advisor or registered investment advisor. Trading equities or cryptocurrencies poses considerable risk of loss. Kindly use your judgment and do your own research at all times. You are solely responsible for your own financial, investing, and trading decisions. TIMESTAMPS: 0:00 Introduction 0:24 ETH vs BTC Takeaway: Eth/BTC is under the 200 day moving average Assuming an avg ratio of .04 ETH should be at $2400 if BTC is at 60K. BTC at 70K means ETH should be at $2800 1:30 BTC vs ETH 2:00 Stimulus Update 15% use money to invest in things like stocks/BTC/ETH. 7% of the survey responses said BTC and ETH. Of those who are going to invest 41% plan to invest in Crypto! 3:00 Mizuno Stimulus Math 2.44%. Range of BTC increase from US Stim 59K-66K 400BN - 20% will invest 20% 61% of that into BTC 3:35 Harris is more bullish. Survey 4x larger. Mentions both BTC and ETH Range adds $6K to 62.5K or up to 80K if 23BN goes in Harris Poll Stimulus Math 6.15% of Stimulus 5:00 ETH Reserves 2 year low, Lockup, NFT pushing demand, Grayscale buying lots of ETH 50K coins in last 30 days now valued at more than $5.7 billion 6:00 BTC ETH and XRP Price Predictions A breakout above 61.8K this point should drive BTC price towards $70,000. ETH breakout above $2K should land at $2,423. XRP is XRP could hit $0.581 7:00 When to Trade Crypto Weekends are quiet but can also have "spikes" due to low volume when treasuries are buying. I find the best times to buy early mornings 2-5am PST and on weekends. The best times to sell are prime times 8:00 NFL and Russell Okung Russell Okung ½ ie $6.5 million of Okung’s salary was converted to Bitcoin or 240 BTC. Now worth an estimated $14.1M 4th best-paid player Others want in! RO is throwing an NFL wealth seminar today. Touchdown! 9:00 Mooch! Bitcoin better than gold He is new to the game but has a great mouthpiece! 10:00 First Latin American Bitcoin BTC ETF Big for Latin America as Brazil launches first Bitcoin ETF. Canada’s first has now amassed over $1BN in 30 days. More on-ramps, more pump 10:30 Chairman Powell was adamant that he was not inclined to do anything preemptive, but will react to inflation if it becomes a problem and if we’re at full employment Bond market getting nervous. Tesla got hit due to China blocking military TNX up to 1.73 - 65 bpts in 2 mths 11:30 Inflation 12:13 CBDC Shiller - Agustín Carstens GM Bank of International Settlements “We don't know who is spending cash today” When we launch the CBDC will have “Absolute Control” to know who is spending what Who wants in? ;) https://www.youtube.com/watch?v=rpNnTuK5JJU 13:30 Fun Q of the Day: What price does BTC need to hit for Winklevee Winklevoss Twins to be the richest unit on Earth? They have 200K BTC they bought for 11M. Bezos has $200BN. BTC needs to hit $1M for them to be worth more than Jeff B. But then we have Chamath... 14:15 Conclusion Ethereum should be ready to pounce - based on history. Stimulus flows should start hitting. BTC on-ramps increase - ETF galore on the way and 3 in place. Inflation is here and the Fed is not even covering it up anymore. CBDC’s - well nobody will trust them. Tesla and Market had a bumpy week - TNX As usual - all roads lead to... BITCOIN Patreon.com / InvestAnswers Join the IA Community

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About This Footage

Insights from a Banking Veteran: [Agustín Carstens](/artist/agust-n-carstens) Weighs in on [Crypto](/genre/crypto) and Stimulus

The recent clip featuring Agustín Carstens, former General Manager of the Bank for International Settlements, offers a unique perspective on the cryptocurrency market and its potential trajectory. As a seasoned economist with a storied career spanning multiple high-profile positions, including Governor of the Bank of Mexico, Carstens brings a level of credibility to his analysis that is hard to match.

One of the most notable aspects of this footage is the expert's take on the relationship between Bitcoin (BTC) and Ethereum (ETH). Carstens notes that ETH should be priced around $2800 if BTC reaches 70K, based on their historical ratio. This assertion highlights the intricate dance between these two dominant cryptocurrencies and underscores the importance of understanding their interplay when making investment decisions.

The discussion also touches on the impact of stimulus packages on the crypto market. Carstens cites a survey indicating that 41% of those planning to invest in cryptocurrency will do so through Bitcoin, while others may opt for Ethereum or other digital assets. This data point underscores the growing interest in cryptocurrencies as an attractive option for investors seeking alternative stores of value.

Furthermore, the clip references the Mizuno stimulus math, which suggests a potential range for BTC price increases from US stimulus packages. While this is not a prediction per se, it does provide context on how governments' fiscal policies can influence market dynamics.

The segment also delves into the Harris poll's more bullish take on cryptocurrency prices. The survey reveals that 6.15% of respondents plan to invest in crypto as part of their stimulus package allocation. This figure is significant, especially when considering the overall investment landscape and the growing acceptance of cryptocurrencies as a legitimate asset class.

Lastly, Carstens touches on the current state of Ethereum reserves, which have reached a two-year low. He attributes this decline to increased demand driven by non-fungible tokens (NFTs) and Grayscale's significant purchases of ETH over the past 30 days, valued at over $5.7 billion.

This clip is notable for several reasons. Firstly, it offers insights from an expert with a deep understanding of global financial systems and trends. Secondly, it provides context on the complex interplay between cryptocurrencies, government policies, and market dynamics. Lastly, it highlights the growing importance of digital assets in investors' portfolios, as they continue to seek alternative stores of value.

For those interested in cryptocurrency markets and the broader implications of stimulus packages, this clip is a must-watch. Carstens' analysis offers a unique perspective on the current state of affairs and provides valuable context for making informed investment decisions.

Editorial context researched and compiled from verified sources.